Section 32, Deposit Insurance and Credit Guarantee Corporation Act, 1961 [S1G-FWJ]

As at 8 September 2026. In force from 26 January 1961.

In Deposit Insurance and Credit Guarantee Corporation Act, 1961 [A10-H3Z]. This text from 26 January 1961. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 32, Deposit Insurance and Credit Guarantee Corporation Act, 1961 [S1G-FWJ]. Machine: S1G-FWJ.

32. Registration of policy-holders.—(1) Every policy-holder shall, within sixty days from the commencement of this Act or, where such person begins the holding of a policy after such commencement, within sixty days from the date of such beginning, make an application for registration to the Authority in Form IRDA-3, accompanied by a fee of fifty thousand rupees. (2) The Authority shall, on being satisfied that the application is in order, register the applicant and issue a certificate of registration in such form as may be prescribed. (3) No policy-holder shall carry on the holding of a policy unless registered under this section.

Defined terms in this text (2)

Authority: Section 2, Deposit Insurance and Credit Guarantee Corporation Act, 1961 [S1GEYJ] (In this Act, unless the context otherwise requires,—): "Authority" means the Insurance Regulatory and Development Authority of India established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999)

Authority: 22 more definitions.

policy-holder: Section 2, Deposit Insurance and Credit Guarantee Corporation Act, 1961 [S1GEYJ] (In this Act, unless the context otherwise requires,—): "policy-holder" includes a person to whom the whole of the interest of the policy-holder in the policy is assigned once and for all

policy-holder: 7 more definitions.

Made under this section, or naming it (0)

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Cited by (0)

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Not held (0)

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Duties published under this section (0)

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